Wednesday, January 24, 2018

UEFA Consider Cap On Agents' Fees

Alexis Sanchez's move put agents' fees back in the spotlight and the issue was discussed
UEFA is considering a cap on agents' fees following a meeting of its Professional Football Strategy Group. The PSFG, which consists of the main stakeholders in European football, discussed a range of new initiatives at a summit in Nyon, Switzerland on Tuesday.
The topic of agent fees was in the spotlight following Alexis Sanchez's move from Arsenal to Manchester United.
Financial Fair Play, squad size limits, and a 'transfer tax' were also examined.
Sanchez's representative Fernando Felicevich received £15million for his part in the Chile international's transfer to Old Trafford.
The new signing was given a bumper financial package, earning up to £600,000 per week and his agent took home a sizeable fee.

A statement from UEFA read: 'The PFSC endorsed a joint position on football agents/intermediaries, which is designed to shape policy change in this regard by potentially adding a cap on fees, introducing more transparency/accountability, and appropriate sanctions in case of infringement of the rules.'

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